JPMORGAN Chase & Co reported lower fourth-quarter profit as the European debt crisis weighed on trading and corporate deal-making.
The first major US bank to announce results for the period, JPMorgan said net income was $3.72bn, or 90 cents a share, compared with $4.83bn, or $1.12 a share, a year earlier.
The company's quarter-end share count declined 4% from a year earlier as it bought back stock.